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Share Price: 5.45

Bid: 5.30

Ask: 5.60

Change: 0.00 (0.00%)

Spread: 0.30 (5.66%)

Open: 5.45

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IN BRIEF: Zephyr Energy awards Utah contract to Cyclone Drilling

Mon, 28th Jun 2021 14:27

Zephyr Energy PLC - Newbury, England-based technology-led exploration & production company - Signs drilling contract with Cyclone Drilling Inc for project in the Paradox Basin in the US state of Utah, where Zephyr is preparing to spud the State 16-2LN-CC appraisal well.

"This follows a competitive selection process involving extensive technical and commercial evaluation of multiple potential drilling contractors. Zephyr is delighted to be working with Cyclone again, following their efficient completion of the State 16-2 stratigraphic test well for Zephyr and its project partners earlier this year," company adds.

The Cyclone Rig 34 will again be the unit used for the drilling programme - the same rig that successfully and safely drilled the State 16-2 well to a total depth of 9,745 feet.

Current stock price: 7.42 pence, up 18% on Monday

Year-to-date change: up sharply from 0.88p on December 31

By Paul McGowan; paulmcgowan@alliancenews.com

More News

20 Mar 2023 13:50

Zephyr Energy continues to make progress at State 36-2 well on tests

(Alliance News) - Zephyr Energy PLC on Monday said it has finished planning for the State 36-2 well production test, and that all services for the test have been procured.

8 Mar 2023 17:01

Zephyr Energy to commence operations at 36-2 well following delays

(Alliance News) - Zephyr Energy PLC on Wednesday said operations at its 36-2 well will start in the coming weeks, following delays.

15 Feb 2023 16:15

Zephyr set to beat revenue forecasts for 2022

(Sharecast News) - Rocky Mountains oil and gas company Zephyr Energy reported a positive fourth quarter and full-year update on hydrocarbon production and cash flows from its non-operated portfolio in the Williston Basin of North Dakota on Wednesday.

15 Feb 2023 12:09

Zephyr Energy backs 2023 production guidance as revenue jumps in 2022

(Alliance News) - Zephyr Energy PLC on Wednesday reported a jump in quarterly revenue and sales volumes at Williston basin, located in the US state of North Dakota.

14 Feb 2023 14:21

IN BRIEF: Zephyr Energy hails successful operation on well at Paradox

Zephyr Energy PLC - London-based oil and gas exploration and production company - Says production casing operation is successful on the 36-2 LNW-CC well, located at Zephyr's project in the Paradox Basin, which is in Utah, US. The well has now been made fully safe, the company says. Plans to start production testing and potential completion of the fractured Cane Creek reservoir interval in the coming weeks, subject to service availability. Adds that production at the State 16-2 LN-CC remains ongoing as well.

10 Feb 2023 10:12

Zephyr completes acquisition of remaining stake in Paradox project

(Alliance News) - Zephyr Energy PLC on Friday said it completed the acquisition of the remaining 25% working interest in the White Sands unit, which lies in the Paradox basin in the US state of Utah.

19 Jan 2023 13:13

Zephyr shares up on substantial hydrocarbons at Paradox project

(Alliance News) - Zephyr Energy PLC shares were up on Thursday after it said it has suspended operations at its Paradox project following a "significant influx" of hydrocarbons.

21 Dec 2022 11:40

Zephyr Energy secures USD8 million loan after making two acquisitions

(Alliance News) - Zephyr Energy PLC on Wednesday said it acquired the remaining 25% working interest in the Paradox Basin in the US state of Utah, and a working interest in a further six wells in the Williston Basin in North Dakota.

21 Dec 2022 11:25

AIM WINNERS & LOSERS: Zephyr Energy rises on US acquisitions

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Wednesday.

9 Dec 2022 14:48

Zephyr Energy gets another $1m in research grant funding

(Sharecast News) - Rocky Mountains-focussed oil and gas company Zephyr Energy announced the signing of an amended cooperation agreement for an additional $1m in non-dilutive research grant funding on Friday.

9 Dec 2022 12:14

Zephyr Energy gains USD1.0 million grant from US Department of Energy

(Alliance News) - Zephyr Energy PLC on Friday announced that it had secured an additional USD1.0 million in non-dilutive research grant funding from the US Department of Energy.

1 Dec 2022 12:59

TRADING UPDATES: XLMedia, Mobile Streams and Windar win deals

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

21 Nov 2022 21:39

TRADING UPDATES: VSA Capital backs outlook; Zephyr starts drilling

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News:

15 Nov 2022 21:55

TRADING UPDATES: Zephyr Energy ups revenue outlook; Cap-XX wins order

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:

11 Nov 2022 15:24

TRADING UPDATES: De La Rue defends chair; Resolute Mining fundraise

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

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IN BRIEF: Zephyr Energy awards Utah contract to Cyclone Drilling

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